by garrygard | Jul 19, 2018 | Daily Insights, Uncategorized
Good Morning, The markets have moved sideways the last 3 days with trade war news and weather both uneventful this week. While there are no formal meetings scheduled between the US and China to discuss trade issues, the US and Mexican officials have agreed to...
by garrygard | Jul 17, 2018 | Daily Insights, Uncategorized
Good Morning, Slightly higher markets overnight as we saw some short covering in corn and soybeans from yesterday spill over into the night session. Slightly lower crop ratings may move the market a little higher when we open this morning, but the ratings are...
by garrygard | Jul 16, 2018 | Daily Insights, Uncategorized
Good Morning, Last week saw fund selling pound the markets lower with both speculators and index funds as big sellers. Hedge funds were sellers for the 7th consecutive week. Their position has gone from 216,000 contracts long to 73,000 contracts short. In that...
by garrygard | Jul 12, 2018 | Daily Insights, Uncategorized
Good Morning, USDA Supply and Demand report out at 11am this morning. The average corn yield estimate of 174.9 bu/acre may be low given how good the Good/Excellent ratings have been recently (10% higher than last year). Despite the great ratings I would expect...
by garrygard | Jul 11, 2018 | Daily Insights, Uncategorized
Good Morning, The Trump administration raised the stakes in its trade war with China yesterday saying it would slap 10% tariffs on an extra $200 billion worth of Chinese imports by August 30th. Last week the US imposed 25% tariffs on $34 billion of Chinese...
